Looking ahead, temperature forecasts are above-normal in the north, which won’t help increase demand for natural gas for air condition or heating this time of the year. Natural gas demand typically dips during autumn and spring.
The weather forecast for the next two weeks is expected to be just right, above average, that is, in the northern half of the country,” John Kilduff, partner at Again Capital LLC and editor of the Energy OverView, said in the Bloomberg article. “So, the demand picture remains quite weak.”
United States Natural Gas Fund
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Max Chen contributed to this article.
